Broadway redevelopment project gets state funding
A redevelopment project at the Luigi’s Trumbull Italian Pastry Shop property is receiving a state loan, Gov. Dannel Malloy announced today.
Gov. Malloy, joined by Department of Economic and Community Development (DECD) Commissioner Catherine Smith and other state and local officials, today announced that Trumbull, Bridgeport, Naugatuck, Newington, North Haven and Plainville will receive a total of more than $6.5 million in grants and loans to clean up eight blighted brownfield sites.
Broadway Trumbull, LLC will receive a $350,000 loan for work at 10 Broadway Road, a 1 acre property that will be home to a mixed-use redevelopment project. The $3.3 million low-impact development project will be near a city park and serviced by two bus lines, according to the state. It will include renovating and expanding the existing circa 1925 structure and constructing a new building. The project will create 9,000 square feet for eight residential units and about 12,000 square feet of retail and office space.
“State and local governments can and should work together to restore blighted properties — sites that have tremendous potential for commerce, housing, and retail that will create jobs,” said Governor Malloy. “There are hundreds of properties across the state — abandoned factories, warehouses, rail yards and mills, that were once the center of economic activity but now just contribute to urban decay. With the right investment, these properties can bolster our economy and add to our quality of life.”
Administered by DECD, the funding will support environmental assessment, planning, design, remediation, demolition, construction, and acquisition for mixed-use developments, affordable housing, and commercial projects.
“Governor Malloy’s commitment to remediate and redevelop brownfields has greatly benefited the municipalities that are searching for ways to improve commerce, address blight, and increase the tax base,” said Commissioner Smith. “In the last year, DECD has awarded more than $34 million to clean up polluted sites in communities throughout Connecticut — an investment that has leveraged about $480 million in private and federal funding to revitalize local economies and restore community assets.”